The call for this week: As the astute Bespoke organization notes: Long-term uptrend channels are still in place (chart 3 on page 4). Nasdaq just breaking out to new all-time highs (chart 4). While the S&P is still in “correction” mode, until it takes out its January hi
Smithers: Sir, bad news from accounting, the economy has hit us pretty hard. Mr. Burns: Tough times eh? I’ve lived through twelve recessions, eight panics and five years of McKinleynomics. I’ll survive this. …The Simpsons, Season 5, Episode 10 (1993) The 25th President of
“Just One Thing” (We recently wrote a weekly strategy report that received such a positive response that we decided to repost it in this month’s edition of Gleanings) We have always liked the movie “City Slickers” and particularly one scene. It’s th
“It takes a licking and keeps on ticking!” . . . John Cameron Swayze, the pitchman from the 1950s for a Timex watch commercial. In my misbegotten youth (1950s) there was a Timex wristwatch commercial featuring pitchman John Cameron Swayze, which went, “It takes a lic
“Sometimes you just have to let art flow over you.” . . . Nick from “The Big Chill” (1983) We have always liked the movie “The Big Chill” probably because it is about our generation. That would be the boomers, or the flower children of the 1960s. Ye
“This morning the preopening S&P 500 futures are up by some 15 points as China says the trade war is on ‘hold.’ As we have said since the “under cut” low of February 9, ‘the lows are in’!” . . . Jeffrey Saut, Monday’s Strategy
“Now here you see it takes all the running you can do to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that.” . . . Lewis Carrol, Through the Looking Glass As many of you know I have been traveling around Michigan this we
“Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil!” . . . Golda Meir Greetings from Traverse City, Michigan, which is one of the prettiest spots in
“Who ya gonna believe, me or your own eyes?” . . . Groucho Marx, the movie Duck Soup (1933) You’ve probably seen the cartoon where a woman comes home and finds her husband in with another woman? The man looks up and says “No, I’m not cheating!” and
